ChemAnalyst Data Pvt Ltd

In the first quarter of 2025, the North American   Mono Ethylene Glycol (MEG) market   followed a bullish trend, with prices steadily rising throughout the period. The month of January witnessed a sharp mid-month increase in MEG prices due to a significant uptick in Ethylene Oxide (EO) costs and supply disruptions caused by severe winter storms affecting the U.S. Gulf Coast, particularly Texas. These weather events curtailed production at several facilities, tightening supply and lifting prices, despite lackluster demand from the downstream PET segment. Limited logistics movement and strategic inventory controls further supported price firmness. February continued with restricted supply, as scheduled maintenance turnarounds at major plants—including Dow’s Seadrift and Indorama’s Clear Lake facilities—kept spot availability tight, even as weather conditions improved and some production resumed. This supply-side pressure sustained elevated price levels. By March, operations acro...